Glenn Sterle (WA, Australian Labor Party) Share this | Hansard source

Ain't that the truth! We Western Australians are very well aware of the contribution our economy makes to the success of the national economy. We are the engine room of this nation. Much like Alan Carpenter, whose visionary policy safeguarded Western Australia's energy security, the Australian government is committed to ensuring that our gas markets have a robust regulatory framework that safeguards Australia's energy security, delivers gas at a reasonable price and smooths the transition to net zero while continuing to meet our obligations to the trade partners.

A clear example of how we are doing this is the review into gas market regulations, which we opened in June of this year. The intent of this review is to carefully examine how our gas policies work for our economy as part of our energy transition. The review is examining the effectiveness and coherence of existing regulatory mechanisms and is identifying possible improvements with the aim of creating long-term stable regulatory environments. The review is considering the Australian Domestic Gas Security Mechanism, the Gas Market Code and the heads of agreement with east coast LNG exporters. That's not bad for four years in the job, is it?